The 6 tobacco and beer companies with major investments in the cannabis sector, constituents in the  munKNEE Conservative "Cannabis" Stocks Index, are ranked below in descending order as to their performances last week and since the end of July along with their latest news.

Conservative "Cannabis" Stocks Index

1. Anheuser-Busch InBev (BUD): up 1.8% last week; down 6.2% since July
   • has a $100 million joint venture with Tilray (TLRY)
   • has a dividend yield of 1.5%
   • has a *forward price-to-earnings (PE) ratio of 17.6
   • has a **forward price-to-sales ratio (PSR) of 1.7
   • has a ***price-to-earnings-growth (PEG) ratio of 1.6
   • Read:
     • Analyst: Now's the time to buy Bud Light stock as ‘Bud blues are old news'
     • Bill Gates puts $100m into Anheuser-Busch: Impact on Bud Light stock
2. Imperial Brands (IMBBY): up 1.8% last week; down 12.9% since July
   • has a 19.9% stake in Auxly Cannabis Group (CBWTF)
   • has a dividend yield of 8.3%
   • has a forward price-to-earnings (PE) ratio of 7.4
   • has a forward price-to-sales ratio (PSR) of 1.6
   • has a price-to-earnings-growth (PEG) ratio of 5.9
   • Read:
     • Imperial Brands sticks by forecast, announces $1.3 billion share buyback
     • Are Imperial Brands shares doomed by the UK smoking ban?
3. Altria Group (MO): up 1.4% last week; down 6.1% since July 
   • has a 45% stake in Cronos Group (CRON)
   • has a dividend yield of 8.6%
   • has a forward price-to-earnings (P/E) ratio of 8.6
   • has a forward price-to-sales ratio (PSR) of 3.6
   • has a price-to-earnings-growth (PEG) ratio of 1.9
   • Read:
     • Altria Increases Quarterly Dividend by 4.3% to $0.98 Per Share
     • Altria Reports 2023 Second-Quarter and First-Half Results; Reaffirms 2023 Full-Year Earnings Guidance
4. Molson Coors Beverage (TAP): up 0.9% last week; down 5.1% since July
   • has a dividend yield of 2.8%
   • has a forward price-to-earnings (PE) ratio of 11.7
   • has a forward price-to-sales ratio (PSR) of 1.1
   • has a price-to-earnings-growth (PEG) ratio of 1.2
   • Read:
     • Molson Coors Beverage Company Introduces Plan to Accelerate Its Growth and Provides Long-Term Financial Outlook at Its 2023 Strategy Day
     • Molson Coors Beverage Company Acquires Blue Run Spirits, Further Expanding Its Portfolio Beyond the Beer Aisle
5. Constellation Brands (STZ): down 2.1% last week; down 15.1% since July
   • has a 39% stake in Canopy Growth (CGC)
   • has a dividend yield of 1.5%
   • has a forward price-to-earnings (PE) ratio of 19.5
   • has a forward price-to-sales ratio (PSR) of 4.2
   • has a price-to-earnings-growth (PEG) ratio of 2.2
   • Read:
     • Constellation Brands beats on earnings as Modelo-fueled beer momentum continues
     • Jim Cramer sees a major catalyst ahead for Corona maker Constellation Brands stock
6. British American Tobacco (BTI): down 2.1% last week; down 11.6% since July
   • has a C$221M product development partnership with Organigram Holdings (OGI)
   • has a dividend yield of 9.5%
   • has a forward price-to-earnings (PE) ratio of 6.6
   • has a forward price-to-sales ratio (PSR) of 2.0
   • has a price-to-earnings-growth (PEG) ratio of 0.1
   • Read:
     • What’s going on with the Imperial Brands share price?
     • Imperial Brands: Rizla-maker kicks off bumper buyback with £550m purchase

Summary

The munKNEE Conservative "Cannabis" Stocks Index was down 1.0% last week and is now down 13.0% since the end of July. In addition, the stocks in the Index now have an average dividend yield of 3.3%.

Definitions

• *The price-to-earnings (P/E) ratio is the ratio for valuing a company that measures its current share price relative to its earnings per share. An excellent forward PE ratio is between 10-25 for major stocks since stocks with a forward PE below 10 can often be a value trap. On the other hand, those above 25 can be too expensive as they are priced with irrationally high growth anticipations.
• **The price-to-sales ratio (PSR) describes how much someone must pay to buy one share of a company relative to how much that share generates in revenue for the company. and, as such, determines whether its stock is cheap or overpriced in comparison to its peers. While the ideal ratio depends on the company and industry, the ratio is typically good when the value falls between one (1)  and two (2) and a ratio of less than one (1`) is even better.
• ***The price earnings-to-growth ratio (PEG ratio) is considered to be an indicator of a stock's true value. A PEG lower than 1.0 is best, suggesting that a company is relatively undervalued.

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